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Veteran actor Kamal Haasan on Wednesday launched his political party and the party Flag at Othakadai in Madurai among a sea of supporters. Haasan’s party is named Makkal Needhi Maiam which in Tamil means ‘Centre for People’s justice’.
Kamal Haasan hoisted and unveiled the party flag -three in red and three in white - joined together around a star on a white background.
Haasan was joined by Delhi Chief Minister Arvind Kejriwal, AAP leader and former Delhi Minister Somnath Bharti who is the...

Weddings never fail in providing ladies with a chance to pamper themselves and get all decked up in pretty dresses to flaunt among their family and friends. With every girl going for dark colours lately, Bollywood beauties defied the trends and nailed white outfits at Mohit Marwah's wedding.
A post shared by Manish Malhotra (@manishmalhotra05) on Feb 20, 2018 at 8:56pm PST
Created by ace designer Manish Malhotra, Karisma Kapoor, Khushi Kapoor and Kiara Advani were looking...

Marvel's latest presentation 'Black Panther' is breaking box-office records all around the globe with the grown-up superhero action and earth-shattering entertainment. However, the Indian Central Board of Film Certification (CBFC) couldn't refrain themselves from adding an unnecessary beep to the Ryan Coogler directorial.
If reports are to be believed, Censor Board has bleeped the "Glory to Hanuman!" statement uttered by Black Panther's rival M'Baku during his tribal pray. While the mention of an...

Out of 53,000 cyber attacks in India, 40% of them were focused on the financial sector in 2017. This statistic puts us in the seventh spot in the list of targeted countries in Web Application Attacks, according to a report from Akamai Technologies.
Phishing, website intrusions and defacements, virus and ransomware were some of the security incidents targeted the Banking, Financial services and Insurances (BFSI) sector in India.
Akamai Technologies, who made this report, claimed the key motive of...

Bangladesh Prime Minister Sheikh Hasina advised India not to worry about Dhaka’s growing ties with China. Interacting with a delegation of visiting Indian journalists at her official residence on Tuesday, she said Bangladesh's relations with Beijing are being extended only for the development of the country.
“I will rather suggest India should have good relations with its neighbours, including Bangladesh, so this region could be developed further and we can show the world that we all work together,”...

The Union Minister of Civil Aviation, Ashok Gajapathi Raju, on Wednesday, said he expects the divestment process of public carrier Air India to be completed within a year. "We hope that by the end of the year we will be able to finish the divestments," the minister said, adding: "Government has given us Air India specific alternate mechanism (for disinvestment)... which is headed by the Finance Minister. I am also a member of it to guide the whole process." On February 2, Minister of State for Civil...

Raghuram Rajan Among The Potential Winners For Nobel Prize In Economics

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October 7 , 2017 , 19:08 IST

Former Reserve Bank of India (RBI) Governor Raghuram Rajan's name figures in this year's list of possible winners of Nobel Prize in economics brought out by Clarivate Analytics.

The economics prize will be announced in Stockholm on Monday, according to Nobelprize.org.

Clarivate Analytics, earlier a Thomson Reuters unit, publishes a list of possible Nobel Prize winners based on research citations, ahead of the formal announcement by the Nobel committee.

Rajan is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at the Booth School of Business, University of Chicago.

Giving the list of six possible candidates for the economics Nobel, Clarivate said these were Citation Laureates -- standouts whose research is clearly "of Nobel Class" according to its significance and utility, as attested by markedly high citation tallies recorded in the Web of Science.

According to information available on Clarivate's website, in the last 15 years, 45 of the selected researchers had gone on to receive a Nobel -- nine in the same year in which they were tipped by Clarivate and 18 within two years of the distinction.

Rajan's three-year term as RBI governor ended on September 4, 2016.

Exactly one year after his term as RBI governor came to an end, Rajan published a book with his "commentary and speeches" to convey what it was like to be at the helm of the central bank in "those turbulent but exciting times".

Rajan, who was considered a vocal RBI Governor, in his book "I Do What I Do" said The demonetisation tool used by the Indian government to drive out black money could have long-term benefits but its short-term economic costs would outweigh them.

"I was asked by the government in February 2016 for my views on demonetisation, which I gave orally. Although there might be long-term benefits, I felt the likely short-term economic costs would outweigh them, and felt there were potentially better alternatives to achieve the main goal," he wrote.

The Indian government undertook the demonetisation drive on November 8, 2016 by banning high denomination Rs 1,000 and Rs 500 notes.

Rajan is said to have predicted the 2008 market crash caused by the housing market crisis in the US that put its economy into deep recession and set off a global slowdown.

In 2011, he published the acclaimed "Fault Lines" on how hidden financial fractures threaten the world economy.

He has won the British magazine Central Banking's Central Banker of the Year award for his handling of the rupee crisis in 2013 and bringing back foreign investors to the country.

A graduate of the Indian Institute of Technology, Delhi, Rajan served as visiting professor at Stockholm School of Economics and at Kellogg School of Management.